EQUITIES: US Futures Stabilizing, Led by Tech Shares and NASDAQ

The trend condition in S&P E-Minis remains bullish and the contract is trading above the 50-day EMA. The average, currently at 6637.80, has been pierced but remains intact - for now. Note that the Oct 10 low of 6540.25 marks the key short-term support. The trend structure in Eurostoxx 50 futures remains bullish. The breach of 5689.00, the Oct 2 high and bull trigger, confirms a resumption of the uptrend. This maintains the price sequence of higher highs and higher lows.

• Japan's NIKKEI closed higher by 658.04 pts or +1.35% at 49299.65 and the TOPIX ended 15.67 pts higher or +0.48% at 3269.45.
• Elsewhere, in China the SHANGHAI closed higher by 27.902 pts or +0.71% at 3950.312 and the HANG SENG ended 192.17 pts higher or +0.74% at 26160.15.
• Across Europe, Germany's DAX trades lower by 49.88 pts or -0.21% at 24159.02, FTSE 100 lower by 2.21 pts or -0.02% at 9575.66, CAC 40 down 32.47 pts or -0.39% at 8193.31 and Euro Stoxx 50 down 4.7 pts or -0.08% at 5663.63.
• Dow Jones mini down 7 pts or -0.01% at 46916, S&P 500 mini up 12.5 pts or +0.18% at 6787.5, NASDAQ mini up 88.25 pts or +0.35% at 25341.25.